Swinging strength in the weakened Energy Sector - KMI
Updated
After chopping sideways fora couple months, KMI finally broke out of its consolidation above $20.50 on 6/6/19. After briefly eclipsing the $21 level, the stock has come back in to retest this breakout. A move away from this level and above $21 opens the door for a test of the $24-$25 level where price broke down in late 2015. Long above $20.50, out on a close below.
Trade active
6/17 we saw a secondary test of the low on 6/12 (original test of the breakout). This was a decent chance to either add or initiate a new long position with a small amount of risk (below the low of the day at $20.27). Still looking to the $24-25 level.
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